Oil and Gas Regulatory Authority (Ogra)

The government increased petrol prices by Rs4.45 per litre to Rs333.01 and reduced high-speed diesel (HSD) prices by Rs2 per litre to Rs383.86. Fuel prices will now be adjusted daily based on international market trends due to the US-Iran conflict, replacing weekly revisions. The Petroleum Division announced these changes effective August 6.

The government reduced petrol and high-speed diesel prices by Rs4.08 and Rs2.45 per litre, respectively, due to falling oil prices following the US calling off an attack on Iran. The new prices take effect on August 4, with petrol retailing at Rs331.95 and diesel at Rs389.93. Taxes on petrol and diesel remain at Rs110 and Rs96 per litre.

The government increased petrol price by Rs1.09 and HSD price by Rs2.42 per litre, effective July 31. Petrol will retail at Rs336.15 and HSD at Rs393.04, with taxes remaining at Rs110 per litre for petrol and Rs96 for diesel. The Petroleum Minister announced daily fuel pricing due to international market fluctuations, which has been opposed by the All Pakistan Dealers Association.

The government increased diesel prices by Rs2.24 per litre to Rs390.62 and reduced petrol prices by 0.75 paisa to Rs335.06, effective July 30. Fuel prices are now adjusted daily due to international market fluctuations, a move opposed by the All Pakistan Dealers Association.

The Pakistani government approved the Brownfield Refining Policy to modernize existing refineries with a $6bn investment, aiming to increase petrol and diesel production while reducing furnace oil output. The policy includes tax incentives, foreign exchange benefits, and energy security measures, requiring refineries to upgrade to Euro-V emission standards.

The government reduced petrol price by Re1 to Rs334.18 per litre and increased HSD price by Rs3.37 to Rs386.83 per litre, citing global oil price fluctuations and renewed Persian Gulf hostilities. Fuel prices will now be set daily by Ogra based on international markets, a move opposed by the All Pakistan Dealers Association.

The government maintained petrol and diesel prices for July 26 and 27 due to the non-publication of Platts prices on weekends. Petrol and diesel prices had increased by Rs3.66 and Rs4.80 per litre respectively the previous day, reaching Rs335.18 and Rs383.46 per litre. The Petroleum Division announced daily fuel price adjustments based on international market trends, a shift from weekly revisions, amid tensions between Iran and the US.

The government increased petrol and HSD prices by Rs3.66 and Rs4.80 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. New prices take effect on July 25, with petrol at Rs335.18 and HSD at Rs383.46 per litre. Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments, a move opposed by the All Pakistan Dealers Association.

The government increased petrol and diesel prices by Rs4.40 and Rs3.62 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. New prices take effect July 24, with fuel pricing now decided daily by the Oil and Gas Regulatory Authority (Ogra) due to market volatility. The All Pakistan Dealers Association opposes the daily pricing and plans protests.

The government increased petrol prices by Rs6.39 and diesel by Rs7.83 per litre, effective July 23, citing global price fluctuations and renewed Persian Gulf hostilities. The All Pakistan Petroleum Pump Owners Association deferred a strike after negotiations, and the Petroleum Minister announced daily fuel pricing to address market volatility.

The government increased petrol prices by Rs4.93 and diesel by Rs7.15 per litre due to Persian Gulf hostilities, with new prices effective July 22. Daily fuel pricing is now in effect, and the All Pakistan Dealers Association plans to protest the decision.

The government reduced petrol prices by Rs0.35 per litre and increased diesel prices by Rs5.71 per litre, effective July 21, citing global price fluctuations due to Persian Gulf tensions. Fuel pricing is now determined daily by Ogra based on international markets, a move opposed by the All Pakistan Dealers Association.

Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments to reduce market abuse and ensure fair pricing for consumers. The reform, approved by the federal cabinet, shifts from weekly to daily pricing based on international market fluctuations and aims to promote transparency and competition in Pakistan’s petroleum sector.

The government established a Petroleum Prices Stabilisation Fund to mitigate oil price shocks by channeling proceeds into the Public Account under the Special Deposit Fund. The fund aims to adjust petroleum prices weekly to minimize consumer impact, leveraging savings from unconventional oil imports and potential future austerity measures.

Pakistan's Petroleum Division assured oil firms that the weekly pricing mechanism would continue, basing future petrol and diesel prices on recent import premiums to minimize losses. Industry leaders criticized frequent policy changes for eroding profitability and deterring foreign investment, while demanding restoration of the pre-war pricing formula.